Natixis Advisors LLC Sells 3,290 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Natixis Advisors LLC lessened its position in VeriSign, Inc. (NASDAQ:VRSN) by 13.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,441 shares of the information services provider’s stock after selling 3,290 shares during the period. Natixis Advisors LLC’s holdings in VeriSign were worth $4,073,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in VeriSign by 291.1% in the 2nd quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock valued at $33,000 after acquiring an additional 131 shares in the last quarter. UMB Bank n.a. raised its stake in shares of VeriSign by 117.2% in the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock worth $36,000 after purchasing an additional 109 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of VeriSign during the second quarter valued at $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of VeriSign during the second quarter valued at $39,000. Finally, Concord Wealth Partners increased its holdings in VeriSign by 93.2% in the 3rd quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock worth $43,000 after buying an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.

VeriSign Stock Performance

Shares of NASDAQ:VRSN opened at $180.77 on Friday. The firm has a market cap of $17.37 billion, a price-to-earnings ratio of 21.02 and a beta of 0.91. The business has a 50-day simple moving average of $183.84 and a two-hundred day simple moving average of $180.01. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $220.91.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.06. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. The firm had revenue of $390.60 million during the quarter, compared to analysts’ expectations of $390.19 million. During the same period in the previous year, the company earned $1.83 earnings per share. The firm’s quarterly revenue was up 3.8% on a year-over-year basis.

Insider Activity

In related news, EVP Thomas C. Indelicarto sold 1,228 shares of VeriSign stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total value of $233,320.00. Following the completion of the sale, the executive vice president now owns 33,593 shares of the company’s stock, valued at $6,382,670. The trade was a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.84% of the company’s stock.

About VeriSign

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.